What is Sidoti Csr’s Forecast for DTI FY2025 Earnings?

Drilling Tools International Co. (NASDAQ:DTI) – Research analysts at Sidoti Csr dropped their FY2025 earnings per share (EPS) estimates for shares of Drilling Tools International in a report issued on Monday, April 28th. Sidoti Csr analyst S. Ferazani now expects that the company will earn $0.15 per share for the year, down from their previous forecast of $0.28. The consensus estimate for Drilling Tools International’s current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Drilling Tools International’s FY2026 earnings at $0.31 EPS.

Drilling Tools International (NASDAQ:DTI) last released its quarterly earnings results on Thursday, March 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Drilling Tools International had a return on equity of 15.38% and a net margin of 5.46%. The business had revenue of $39.85 million during the quarter, compared to analyst estimates of $38.99 million. During the same quarter in the previous year, the company posted $0.13 earnings per share.

Drilling Tools International Trading Up 0.5 %

Drilling Tools International stock opened at $2.03 on Wednesday. Drilling Tools International has a 12-month low of $1.43 and a 12-month high of $6.36. The firm has a market capitalization of $72.25 million, a price-to-earnings ratio of 7.25, a P/E/G ratio of 0.90 and a beta of -0.66. The firm has a 50 day moving average of $2.39 and a 200 day moving average of $3.02. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15.

Institutional Trading of Drilling Tools International

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Drilling Tools International by 31.5% in the 3rd quarter. Geode Capital Management LLC now owns 209,808 shares of the company’s stock worth $783,000 after buying an additional 50,236 shares during the period. Global Retirement Partners LLC raised its holdings in Drilling Tools International by 7.5% during the fourth quarter. Global Retirement Partners LLC now owns 80,079 shares of the company’s stock valued at $262,000 after acquiring an additional 5,574 shares during the period. Cresset Asset Management LLC purchased a new position in shares of Drilling Tools International in the fourth quarter valued at about $252,000. Northern Trust Corp boosted its stake in shares of Drilling Tools International by 6.7% in the fourth quarter. Northern Trust Corp now owns 73,848 shares of the company’s stock worth $241,000 after acquiring an additional 4,639 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Drilling Tools International by 114.6% during the fourth quarter. JPMorgan Chase & Co. now owns 43,441 shares of the company’s stock worth $142,000 after purchasing an additional 23,200 shares in the last quarter. 2.79% of the stock is currently owned by institutional investors.

Drilling Tools International Company Profile

Drilling Tools International Corporation provides oilfield equipment and services to oil and natural gas sectors in North America, Europe, and the Middle East. It offers downhole tool rentals, machining, and inspection services to support the global drilling and wellbore construction industry. The company also provides products are bottom hole assembly components, such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, and roller reamers, as well as drill pipe and drill pipe accessories; ancillary equipment and handling tools to support its rental platform, including float valves, ring gauges, tool baskets, lift bail, lift subs, mud magnets, elevators, bracket and bail assemblies, slips, tongs, stabbing guides and safety clamps; and blowout preventers, and pressure control accessory equipment.